China in Latin America - Part 1
Dec 23, 2021 20:02:47 GMT -5
Post by schwartzie on Dec 23, 2021 20:02:47 GMT -5
China in Latin America - Part 1
by Judith Bergman
December 23, 2021 at 5:00 am
China's involvement in Latin America clearly seems to be translating into control, and not just of national resources.
"In the past four years, the Dominican Republic, El Salvador and Panama have each switched their recognition from Taiwan to China", TIME Magazine wrote in February. "Gaining these kinds of alliances in Latin America offers Beijing invaluable votes at the U.N. and backing for Chinese appointees to multinational institutions. It also empowers China to embed standard-setting technology companies like Huawei, ZTE, Dahua and Hikvision – all sanctioned by the U.S. – in regional infrastructure, allowing Beijing to dictate the rules of commerce for a generation."
Ecuador's debt to China is equal to 38.7% of its GDP.
"The U.S. is losing Latin America to China without putting up a fight... And China is waiting, saying, 'We're here. We're giving you money.' They want control of course, but they don't say that." — Axios, September 23, 2021.
"It is not necessary to show malevolent PRC intentions with respect to its activities in Latin America and the Caribbean to conclude that the current and long-term implications of that engagement are grave for prosperity, democracy, and liberties in the region, as well as the security and strategic position of the United States," — Professor R. Evan Ellis, Testimony before the US-China Economic and Security Review Commission, May 20, 2021.
Continued at link
by Judith Bergman
December 23, 2021 at 5:00 am
China's involvement in Latin America clearly seems to be translating into control, and not just of national resources.
"In the past four years, the Dominican Republic, El Salvador and Panama have each switched their recognition from Taiwan to China", TIME Magazine wrote in February. "Gaining these kinds of alliances in Latin America offers Beijing invaluable votes at the U.N. and backing for Chinese appointees to multinational institutions. It also empowers China to embed standard-setting technology companies like Huawei, ZTE, Dahua and Hikvision – all sanctioned by the U.S. – in regional infrastructure, allowing Beijing to dictate the rules of commerce for a generation."
Ecuador's debt to China is equal to 38.7% of its GDP.
"The U.S. is losing Latin America to China without putting up a fight... And China is waiting, saying, 'We're here. We're giving you money.' They want control of course, but they don't say that." — Axios, September 23, 2021.
"It is not necessary to show malevolent PRC intentions with respect to its activities in Latin America and the Caribbean to conclude that the current and long-term implications of that engagement are grave for prosperity, democracy, and liberties in the region, as well as the security and strategic position of the United States," — Professor R. Evan Ellis, Testimony before the US-China Economic and Security Review Commission, May 20, 2021.
Continued at link
